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Last updated: 22:10:25 Thursday Dec 10, 2009


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  • Americans' net worth up for 2nd straight quarter
    WASHINGTON - Inch by inch, Americans are recovering some of their vast loss of wealth from the recession, thanks to gains in stock investments and home values.   Source:(AP)   2009-12-10

    Deutsche Bank strikes billion-euro takeover deal
    FRANKFURT (AFP) - Germany's biggest lender Deutsche Bank has struck a deal to buy Sal. Oppenheim, a Luxembourg-based private banking group, for 1.0 billion euros (1.5 billion dollars), Deutsche Bank said on Wednesday.   Nations:Luxembourg   Source:(AFP)   2009-10-28

    UBS to sell Paine Webber but not yet: report
    ZURICH (Reuters) - UBS AG's (UBS.N) (UBSN.VX) U.S. wealth management unit Paine Webber is not a core part of the bank's operations but will not be sold at present, UBS Chief Executive Oswald Gruebel was quoted saying in the FT.   Nations:Switzerland   Source:(Reuters)   2009-09-29

    Wealth Summits Keep Financial Plans in Line
    Coordinated meetings with attorneys, accountants, and financial advisers are common among ultrarich families. These so-called wealth summits enable a team of trusted advisers to share information and brainstorm with their clients on a wide range of legal and financial issues.   Nations:U.S.   Source:(BusinessWeek)   2009-09-25

    UBS sees 35 percent drop in hedge fund assets
    SINGAPORE (Reuters) - Global assets of hedge funds may drop to $1.2 trillion by the end of the first quarter, down 35 percent from 2007 as the number of managers decline and funds rely less on strategies that use leverage, a UBS executive said on Tuesday.   Source:(Reuters)   2009-02-17

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